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Gold/Mining/Energy : Schlumberger - The biggest/baddest oil service company -- Ignore unavailable to you. Want to Upgrade?

To: bral who wrote (163)	1/25/2000 2:16:00 PM
From: Neil H	Read Replies (2) \| Respond to of 216

Tuesday January 25, 10:55 am Eastern Time Company Press Release Schlumberger Enters Fast-Growing Public Internet Portal Market through Strategic Acquisition of telweb, inc. Acquisition Leverages Schlumberger Global Business Presence and Solutions Focus MONTROUGE, France--(BUSINESS WIRE)--Jan. 25, 2000-- Schlumberger Test & Transactions, a unit of Schlumberger Limited (NYSE: SLB - news), today announced that it has acquired 100% of the capital stock of telweb, inc., a Canadian start-up. This acquisition positions Schlumberger in the fast-growing domain of web-based e-commerce and information networking. This is a logical step in the evolution towards smart-card enabled secure e-business. Headquartered in Quebec, Canada, telweb is a pioneer of Internet accessibility with its WebPayphone Network(TM) and has already secured several major public Internet portal installations. Deployment of its system has begun in the City of Calgary and at Schiphol Airport, Amsterdam. Focused on today's business traveler and daily commuter, the public Internet portals provide a resource that allows users to quickly conduct secure transactions and communications without a PC. Real time merchandising is enabled via credit and smart card transactions in a secure network environment. Target environments include airports, hotels, business communities and municipalities. In conjunction with telecom providers, the systems will support local content and revenue models. ``This acquisition further positions Schlumberger in the secure information and e-commerce transactions domain,' stated Irwin Pfister, executive vice president, Schlumberger Test & Transactions. ``Combining telweb's offerings with world-class Schlumberger information security technology and smart card leadership, we are now uniquely positioned to deliver a seamless and ubiquitous solution for the world's most active airports and travel terminals. Our approach will ensure delivery of customer convenience through a uniform 'look and feel' promoting ease of use and access while conducting secure Internet-based transactions, globally.' The broad relationships Schlumberger enjoys with global telecom providers and Internet access leaders will ensure best-of-breed content and Internet services. The acquisition reflects the continued commitment of Schlumberger to the delivery of integrated solutions which leverage its far-reaching technological leadership and proximity to its customers. ``We are excited to be part of Schlumberger,' stated Stephan Lepage, president, telweb. ``Schlumberger is the only global leader able to offer a wide range of solutions based on expertise in smart card technology, corporate networks and information security.'